Struggling to make your mortgage paymemts

 Take control by accepting calls from your mortgage  servicer. Even better, call your mortgage servicer  as soon as you know you can’t make your monthly  payment. The phone number is on your monthly  bill. Tell your servicer why you can’t make your  monthly payment and ask the servicer for help  avoiding foreclosure. 

Your servicer may be able to help if you get in  trouble with your loan payments. If you can’t get  what you need from your servicer, ask for expert  help from housing counseling agencies near  you. The counselors can develop a tailored plan  of action and help you work with your mortgage  company. Visit consumerfinance.gov/mortgagehelp or call (800) 569-4287 and enter your ZIP code, to  find a HUD-approved housing counselor. 

 Scam artists try to take advantage of homeowners  who get into trouble by charging lots of money— even thousands of dollars—for false promises of help.  You should not have to pay anyone to help you avoid  foreclosure. The help you need may be available at  no cost to you from your servicer, or through a HUD approved housing counseling agency. 

 Your mortgage servicer can’t make a first notice or  filing for foreclosure until you are more than 120  days behind on your payments. In addition, when  you submit a complete application for mortgage  help early enough, the mortgage servicer can’t  start foreclosure while you’re being evaluated or if  you’re following through on the requirements of a  loan modification. So get it done, and don’t delay.  The earlier you complete the application, the more  protections you get.

The Information is deem reliable but not guaranteed. Please visit the Consumer Financial Protection Bureau for updated information.